The Patient Monitoring Devices Market is expected to grow from USD 50.553 billion in 2025 to USD 74.004 billion in 2030, at a CAGR of 7.92%.
Monitoring in medical usage is a term that refers to the inspection of a disease, condition on one or several medical parameters over time. It is carried out by constantly measuring parameters by either employing a medical monitor such as continuously measuring vital signs by a bedside monitor or by repeatedly performing medical tests such as blood glucose monitoring with a glucose meter in people with diabetes mellitus. Patient equipment monitoring devices are manufactured by assembling sensors, a display device, translators, and communication links. Cardiac monitoring, Respiratory monitoring, Neurological monitoring, Childbirth monitoring are different types of healthcare parameters monitoring, boosting the demand for monitoring devices. The aging population globally, increasing occurrences of lifestyle diseases, and advancement in-home patient monitoring are some factors driving this market. However, saturation in developed countries and inefficient reimbursement regulations may impair market growth. Aging population and lifestyle diseases are driving the patient equipment monitoring market in the Americas and the European region while increasing disposable income and population growth in APAC will augment the demand for patient monitoring devices in the region over the next six years.
The market has been significantly driven by the increasing health expenditures done by several governments to enhance the technological advancements in the sector.
The demand for patient monitoring devices increased during the pandemic due to increasing concerns about cardio-related impacts of the disease and the trend is expected to continue in the coming years.
Patient Monitoring Devices Market Segmentation: